Question

The accurate recording of sales transactions concerns all of the following except for

A) proper credit authorization.
B) shipping the amount of goods ordered.
C) accurately billing for the amount of goods shipped.
D) accurately recording the amount billed in the accounting records

Answer 1

The accurate recording of sales transactions involves proper credit authorization, accurately billing for the amount of goods shipped, and accurately recording the amount billed. However, shipping the correct amount of goods, while essential, does not directly involve the recording in the accounting records.

Step-by-step explanation:

The question pertains to the elements that are concerned with the accurate recording of sales transactions. The options given touch upon different aspects of the sales process.

• Proper credit authorization is crucial as it ensures that the customer has the means to pay and that the transaction is not fraudulent.
• Shipping the amount of goods ordered is vital for maintaining accurate inventory and customer satisfaction but does not directly affect the financial recording of the transaction.
• Ensuring an accurately billing for the amount of goods shipped ties directly into the financial aspect of the transaction, as it reflects the revenue.
• Accurately recording the amount billed in the accounting records is essential for financial accuracy and reporting.

Among the options, shipping the amount of goods ordered does not concern the accounting records directly, although it is a crucial part of customer service and the overall sales process.